Join our daily newsletter At The Bell to receive exclusive market insights
- Essential Metals (ESS) is granted a new mining lease over the Dome North lithium mineral resource at its Pioneer Dome project in Western Australia
- The new lease spans 2408 hectares and encapsulates three deposits that comprise the current lithium mineral resource estimate
- Over the 21-year lease, ESS will use the area for a concentrator plant, waste dumps, tailings storage facility and other mine operation infrastructure and services
- ESS is progressing with feasibility studies to feed into a mining proposal covering technical, environmental, key mining activities, safety and stakeholder engagement
- ESS shares are trading at 50 cents at 10:52 am AEDT
Essential Metals (ESS) has been granted a new mining lease over the Dome North lithium mineral resource at its Pioneer Dome project in Western Australia.
The new lease spans 2408 hectares and encapsulates the three deposits that comprise the current lithium mineral resource estimate.
Essential Metals said this marked one of the first steps towards establishing an operating mine.
Essential has been granted the new land for a 21-year term, during which time the company will use it for a concentrator plant, waste dumps, tailings storage facility and other mine operation infrastructure and ancillary services.
The company’s Managing Director, Tim Spencer, said the granting of the mining lease was another step along the development pathway for the Pioneer Dome lithium project.
“I would like to thank the Ngadju Native Title Aboriginal Corporation, who represent the Ngadju people, the native title custodians of the land on which the project is located, for their ongoing support for the project,” Mr Spencer said.
The final design layout will be determined during upcoming feasibility studies, following on from a scoping study announced earlier this month.
ESS will generate a mining proposal covering technical, environmental, key mining activities, safety and stakeholder engagement from the detailed feasibility studies.
ESS shares were trading at 50 cents at 10:52 am AEDT.
